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The Stable Outcome of the Game in the Figure Shown

Question 24

Multiple Choice

The stable outcome of the game in the figure shown will be: A) Nike charges a high price, and Adidas charges a low price. B) Nike charges a low price, and Adidas charges a high price. C) Nike and Adidas both charge a low price. D) Nike and Adidas both charge a high price. The stable outcome of the game in the figure shown will be:


A) Nike charges a high price, and Adidas charges a low price.
B) Nike charges a low price, and Adidas charges a high price.
C) Nike and Adidas both charge a low price.
D) Nike and Adidas both charge a high price.

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